Instant Reserve Account

Current Rates
Account balance Gross* Net AER**
£250 and over 0.10% 0.08% 0.10%
Monthly income option 0.10% 0.08% 0.10%
View previous rate information
Previous Rates
Account balance Gross* Net AER**
£120,000 and over 0.65% 0.52% 0.65%
Monthly income option 0.65% 0.52% 0.65%
£60,000 - £119,999 0.45% 0.36% 0.45%
Monthly income option 0.45% 0.36% 0.45%
£30,000 - £59,999 0.30% 0.24% 0.30%
Monthly income option 0.30% 0.24% 0.30%
£250 - £29,999 0.20% 0.16% 0.20%
Monthly income option 0.20% 0.16% 0.20%

AN ACCOUNT WITH MORE TO IT

  • Easy access to your money
  • Manage your account in branch, online or over the phone
  • Save from £250 to £1 million
  • Interest paid annually
  • The option of monthly interest

IDEAL FOR PEOPLE WHO:

  • Need easy access to their savings
  • Want a range of ways to manage their money

Definitions

* Interest will be paid gross (that is before the deduction of income tax) to persons not ordinarily resident in the UK. Otherwise interest will be paid after deduction of UK income tax at the appropriate rate.

** Net rates (that is after the deduction of income tax) shown are for illustrative purposes only. The interest you earn on this account will currently be taxed at the rate of 20%.

*** AER means Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.

MANAGING YOUR ACCOUNT IS EASY

  • You can manage your account through our Gibraltar branch, by phone or online - whatever suits you best.

EASY TRANSFERS AND WITHDRAWALS

  • You can take your money out whenever you like, without giving notice, or losing interest. You can also access your savings via cash machines.

MINIMUM BALANCE

  • To keep your account open, you need to keep at least £250 in there. While the balance is below the minimum investment, the interest rate payable will be the same as that payable for our Investment Share account (excluding bonus interest rates) as varied from time to time (please call +350 200 45050 for details). We also reserve the right to close the account if the minimum investment is not maintained.

Our Satisfaction Pledge

At N&P, we understand how important it is for you to be satisfied with your investment accounts. If you open any new investment account and, within 14 days, you decide that it does not meet your requirements, we will be happy to transfer the balance to another N&P account. This is called a 'cooling off' period. Alternatively, we will return your money to you without any charge or notice being required. Any transfer or refund will be subject to the relevant funds having cleared i.e. a period of at least four days(excluding Saturdays, Sundays and public holidays) must be allowed for the clearance of deposited cheques.

ACCOUNT TYPE

  • This is a payment account, please refer to the General Savings and Investment Conditions for more information.
Key Product Information
Summary Box
Key Product Information for our Instant Reserve account
Interest rates (GROSS/AERs) Variable rate.
Tax Status Interest is paid net. Gross interest can be paid subject to eligibility and required registration
Conditions for bonus payments No bonus is payable on this account.
Withdrawal arrangements Easy access without notice or loss of interest
Access This account can be opened at our Gibraltar branch or by post. It can also be operated via
the internet.

Read our General Savings and Investments Terms and Conditions.

Read our Savings Fact Sheet.